Trickle down economics
Posted By: gourdpainter on 2008-10-18
In Reply to: It's called "trickle down taxes"....all of Obama's plans....sm - sm
didn't work under Reagan and it won't work under McCain. Ever consider water doesn't run uphill?
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Trickle Down........
Closing all the mental institutions and putting the insane on the streets was atrocious - but - it got them off disability and welfare...after all...you had to have an address to get those benefits. More can be found at the following link: http://www.monitor.net/monitor/0406a/reaganhomeless.html
Reagan's Homeless
by: Peter Dreier
Reagan came to office in 1981 with what he viewed as a mandate to reduce federal spending. In reality, Reagan increased federal spending by dramatically increasing the military budget while slashing domestic programs for working class Americans, particularly the poor. The result was a bloated federal deficit that mortgaged the nation's future.
Reagan's fans give him credit for restoring the nation's prosperity. But whatever economic growth occurred during the Reagan years benefitted the already well-off. The income gap between the rich and everyone else in America widened. Wages for the average worker declined. The nation's homeownership rate fell. Despite boom times for the rich, during Reagan's two terms in the White House, the poverty rate in cities grew.
Reagan owed little to urban voters, big-city mayors, black or Hispanic leaders, or labor unions -- the major advocates for metropolitan concerns. His indifference to urban problems was legendary. Early in his presidency, at a White House reception, Reagan went up to the only black member of his Cabinet, Housing and Urban Development (HUD) Secretary Samuel Pierce, and said: "How are you, Mr. Mayor? I'm glad to meet you. How are things in your city?"
Reagan not only failed to recognize his own HUD Secretary, he failed to deal with the growing corruption scandal at the agency. Indeed, during the Reagan years, HUD became a feeding trough for Republican campaign contributors. Fortunately for Reagan, the media didn't uncover the "HUD Scandal" until he left office. It resulted in the indictment and conviction of top Reagan administration officials for illegally targeting housing subsidies to politically connected developers.
Yeah, and that *trickle down*
stuff, too! LOL.
Trickle up poverty
I decided to Google this phrase and see what came up. Not suprising the first on the list was from Rush Limbaugh. I did find this too though and I couldn't agree more. I have no idea who wrote it.
http://www.opednews.com/articles/Trickle-Up-Poverty-and-the-by-Cameron-Salisbury-080923-947.html
Economics 101...
http://ca.youtube.com/user/weneedmccain
This video explains Obama's economic policies better than I can...
Economics is where it's at.
The subject needs to be changed back to the economy from the anger-tapping, fear-mongering hate fest the McCain camp seems stuck in lately. I think that denial and dismay (not understanding) does keep people from "going there," but this dialog has to start someplace.
In strictly political terms, concepts (some old, some new) such as regulation/deregulation, corporate greed/corruption, anti-trust initiatives vs laissez faire economics, shrinking/disappearing middle class, free trade market conditions/jobs outsourcing and the like come into play. On a more cultural level, consumption economics/consumerism, class disparities in terms of education, healthcare, income, wealth distribution, class and race, isolationist international policies and practices and imperialist perceptions (both national and international) are of issue as well.
Ultimately, it boils down to how we see ourselves now and in the future in terms of national identity. Who are we now? Who do we want to be? How far have we strayed from the founding fathers' ideals. Does it matter? Where do we go from here? What do we want our future to look like. What kind of a world do we want our children and their children to inherit?
So how's that trickle down thing working
how big and fat those corporate giants have gotten and just how much your, your kids and their kids are going to be shelling out to fix what they broke?
How's that trickle down thing been working
If you are doing so well, how's that stock market been treating you lately? 401K all intact? When they froze your credit, added another $150 billion in pork and sweeteners to the bail out, McCain decided we should buy up all the bad mortgages at their original inflated values (creating a windfall for the lenders), AIG execs went to the spa on their way to the quail/pheasant hunt over in England and W announced the bank stock sale, were you as outraged as you seem to be over Obama's notion that we might want to take a look at poverty?
Question for the trickle down experts.
How long do you reckon it will take for those obscene executive pay/bonuses to reach my house? Will it be here in time for Christmas?
I fail to see how trickle up would work any better....sm
A lot of people I know who got their stimulus checks used it to pay their bills, put gas in their car, and buy a few groceries...and if there's any left, stuff it in their mattress for a rainy day (which is probably next week or next month).
Please explain to us how trickle up is going to work. I don't see how that chicken is going to stimulate the economy much at all.
You need to understand economics
When McCain talks tax cuts for corporations you people go ballistic. You obviously don't understand the principles behind this, while on the other hand, Obama wants to tax the snot out of them and us.
Corporations have left this country because they can go to other countries that don't tax the snot out of them and they hire THEIR workers. Duh! Get a clue! They even get exempt from taxes in countries that are taking your jobs. Well it doesn't take an expert to figure out you go where you don't pay taxes and can hire people who are forcing unions and junk down your throat, thereby hiring more people.
Obama's taxing the crap out of everybody will continue to PUSH corporations overseas and if you think there aren't any jobs now, you just wait. You'll be lucky to find a hamburger joint that will hire you. Obama wants to tax tax tax EVERYBODY, corporations and you, to pay for all his social programs. Do you not understand what socialism is. Maybe you do and just do not care that you and your country are being sold down the river. Yes, spreading the wealth does necessarily mean enriching some at the expense of others.....that is what socialism is! National wealth is where you are deceived...that would be called government wealth, bigger government, bigger government wealth. You won't be seeing a penny of it.
If you had any clue what it is to run a business, you would be singing a different tune. The companies that have stayed here are being taxed to death already to the point they have to let people go. Those hard-working, bill-paying, nose to the grindstone folks better get a clue because they will be doing not only more of the same, but seeing less money for their hard work on Obama's plan.
Who the heck do you think pays for all the welfare roll now? Mostly the wealthy. Use some common sense, please. The more you make, the more you are taxed. It obviously bears repeating......have you ever seen a poor person giving you a job?
I am amazed at those bitter people who seem to think those that have done very well financially for themselves should be treated and ostricized as if they are bad people, loathsome individuals. Why? Just because you don't have it? If yo did, you would be singing a different tune and would be bothered by someone thinking they had the right to your money to give to those who already live off you free. I don't want the control of national wealth in more hands.
It may not sound great to hear, but you want more money in the hands of people who already don't know how to watch their dollars or how to save? I don't!!
Why do I want to give them more. Those in need do get a lot of help in this community. They get fed very well, their children get clothed very well, they get free healthcare, free everything. None of them are going hungry but I can guarantee you if you keep falling for this Obama "pie in the sky" attitude, you will be hurting big time.
If people would quit living beyond their means and learn to save their money for a rainy day, they wouldn't have so much to gripe about in the first place and all this credit garbage wouldn't be happening. Lets not hold any individuals responsible for any of this....just the hated rich.
I don't want to pay a mortage for anyone who had no business buying a house in the first place or a car or anything else on credit. They knew they couldn't afford it and still didn't care. Now they want to be given more handouts. Not on my dime.
I will help anyone who has fallen on hard times through no fault of their own but do not tell me I have to pay for those greedy people who don't have a clue about saving. All that want is to spend spend spend and then cry "foul" when they don't have it anymore.
Economics I can understand
Finally - someone who can describe what's going on/happening that I can understand.
http://www.youtube.com/watch?v=djgH9wA-JSU
You really don't understand economics, do you?
The poster is correct. I don't know why you insist on living in a dream world. I used to respect your comments but I see you really don't understand how supply and emand and/or government really works.
You think everything is a joke. Well, are you going to be laughing when taxes are so high you have a choice to eat or pay taxes?
Are you going to laugh when the country is broke (whopps - that has already happened) and they can't even guarantee FDIC backing for any money you have in the back or IRAs?
Are you going to laugh when other countries commit terrorist attacks on our country; i.e., N. Korea, Iran, etc.?
Are you going to laugh when this country finally crosses into fascism whereas you will seriously have no rights?
Keep laughing BB. The joke will be on you sooner or later, as the country slowly goes down the tubes unless you start boning up on the reality happening right under your nose and start fighting against it.
Trickle up tax cuts 4 rich works so well
full-blown depression in view of FMFM. JM promises change in economic policies how? Show me the plan.
How about that trickle up effect Obama's been touting....sm
how soon do you think those homeless people and lower end workers are going to be helping out the economy, hmmmmmm?????????
Think they're gonna be putting anything in your stocking next year?
only want to talk economics part of this - nm
x
Economics 101: Capitalism vs. Socialism
There are many different ideas or systems of how an economy should be run. The two most common are capitalism and socialism. They are very different in how they view who runs the economy. Most economies have ideas from both systems, but tend to be more of one than the other.
Capitalism is the economic system based on private or corporate ownership of, production and distribution of goods. It has always existed to some extent in all civilizations but was written about formally by Adam Smith in his book "The Wealth of Nations" in 1776. Capitalists favor a system of free enterprise which means the government should not interfere in the economy - that the laws of supply and demand will make sure that the ecnomy runs most efficiently in meeting people's needs. Capitalism is characterized by competition in which there is rivalry in supplying or getting an economic service or good. Sellers compete with other sellers, and buyers with other buyers. The buyers seek the best possible deal in purchasing goods and the sellers look to make the best possible sale allowing them the most profit.
Socialism is an economic theory or idea that states that the government or the state should be in charge of economic planning, production and distribution of goods. This contrasts with capitalism where free markets predonimate and property is privately owned. Socielism tends to favor cooperation whereas capitalism is characterized by competition.
The theories of socialism first arose in the late eighteenth century in response to the Industrial Revolution where factory owners were becoming wealthy and the workers impoverished. Thus, workers wanted a greater share in the wealth that factories were making. Later a form of socialism called communism sprang up based on the writings of Karl Marx and Friedrich Engels. Communism advocates class struggle and revolution to establish a society of cooperation with strong government control. Communism predominated in the former Soviet Union and much of Eastern Europe at one time. Today it predominates in China and Cuba, but its influence has lessened.
http://www.mcwdn.org/ECONOMICS/CapSoc.html
Our economy is related to world economics
which IS part of foreign policy. Geez, can't get your head around that?
This statement shows ignorance of basic economics
You are misinformed to such an extent that it makes you unable to recognize your own best interests. If you candidate wins, look for your profession to decline by leaps and bounds, if it survives at all.
Well, we all know the old "trickle-down economics" of the past admnistrations has not worked,
ever more greed, and then the removal of the banking regulations really set up the rest of the debacle. The President is fighting a GOLIATH here when it comes to all the problems he has INHERITED, we should pray for his wisdom, strength, and security, and at least he is acknowledging short-falls and problems, trying to reach out to both parties, and trying to ACCOMPLISH something real and LASTING for this country, all Bush could do was give checques away, which was supposed to be a quick "shot in the arm" the for economy, but he did not open his eyes to see that when middle to low income families are living in debth and cannot pay for anything, that they are going to pay bill and save some of their money, not go out and buy more cars, TVs, other big ticket items, as he thought. Good solid work programs was what put the country back on its feet back during the Great Depression, it is not a "quick" fix, but a lsting one that reaches into multi levels of the ecomony, the worker, small businesses, etc. Lets's PLEASE give the President a chance beyond his first week!
Russian Professor of Economics Believes U.S. Will Split into Six States
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